Electric Motors: Global Strategic Business Report

Global Electric Motors Market to Reach $282.9 Billion by 2030

The global market for Electric Motors estimated at US$150.4 Billion in the year 2022, is projected to reach a revised size of US$282.9 Billion by 2030, growing at a CAGR of 8.2% over the analysis period 2022-2030. AC Motors, one of the segments analyzed in the report, is projected to record 7.1% CAGR and reach US$188.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the DC Motors segment is readjusted to a revised 9.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $41 Billion, While China is Forecast to Grow at 12.1% CAGR

The Electric Motors market in the U.S. is estimated at US$41 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$63.1 Billion by the year 2030 trailing a CAGR of 12.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.6% and 7.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.3% CAGR.

Select Competitors (Total 296 Featured) -

• ABB Ltd.
• ACTOM (Pty) Ltd.
• Allied Motion Technologies, Inc.
• AMETEK Inc.
• ARC Systems Inc.
• Asmo Co., Ltd.
• Baldor Electric Company
• Bauer Gear Motor
• Brook Crompton UK Ltd.
• CG Power and Industrial Solutions Ltd.
• Franklin Electric Co. Inc.
• General Electric Company
• Hitachi Industrial Equipment Systems Co., Ltd.
• Hyosung Power & Industrial Systems Performance Group
• Kirloskar Electric Company Ltd.
• Kollmorgen Corp.
• Leeson Electric
• MinebeaMitsumi Inc.
• Nanyang Explosion Protection Group Co. Ltd.
• Nidec Corp.
• Panasonic Corp.
• Rockwell Automation, Inc.
• Sanyo Denki America Inc.
• Shinano Kenshi Co., Ltd.
• Siemens AG
• TECO-Westinghouse Motor Company
• Toshiba International Corp.
• Toshiba Mitsubishi-Electric Industrial Systems Corp.
• WEG Electric Corporation

What's New?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year